Updates on XRP: Progress in SEC Case, Potential ETF Approval, and Speculation of XRP Price Soaring to $10 - Could Investors Discover the Next Breakthrough XRP?
The US Securities and Exchange Commission (SEC) under interim chairman Mark Uyeda has recently dismissed legal actions against notable crypto companies, including Coinbase and Consensys, leading some to speculate that the agency may soon abandon its four-year lawsuit against Ripple. Such news has incited speculation about the potential rise of Ripple to $10.
In 2025, Remittix (RTX) is gaining attention as a promising competitor in the cross-border transactions sphere. Its innovative crypto-to-fiat conversion system aims to fundamentally change existing cross-border transactions.
Progress was made in the XRP-spot ETF movement on February 14, 2024, as the SEC accepted the 19b-4 application from 21 Shares, indicating a potential shift in XRP's regulatory outlook. This, along with the SEC's acceptance of Grayscale's application, has instilled a bullish XRP price forecast. The SEC is currently reviewing similar petitions from WisdomTree, Bitwise, and Canary Funds.
Should the SEC withdraw its appeal and approve an XRP-spot ETF, demand for XRP could surge sharply. Following the July 2023 XRP sales ruling, Ripple has become more visible in the US, thereby increasing XRP's profile. Additionally, a potential SWIFT interface might significantly influence XRP's market behavior, as an XRP-spot ETF may attract institutional investors seeking cryptocurrencies with practical uses.
Crypto specialist and multimedia producer ALLINCRYPTO foresees XRP reaching $10 in 2025. His forecast is bolstered by the recent SEC's ETF acceptance. At the time of writing, XRP pricing on Coinmarketcap is at $2.26.
Remittix (RTX) is revolutionizing global payments by aggregating FIAT transactions with blockchain technologies. Backed by more than forty cryptocurrencies, the platform offers swift translations into FIAT currencies, allowing for simple bank account deposits. Remittix stands out as a better alternative to conventional payment providers like Stripe and Wise by ensuring accessibility and inclusivity for businesses and individuals through supporting over 50 crypto pairs and 30+ FIAT currencies.
Notably, Remittix's platform employs an open flat-fee approach, offering cost savings and transparency over exorbitant rates charged by conventional banks. In the payments industry, Remittix is groundbreaking, as its approach ensures that the entire transfer amount reaches the recipient, thereby addressing unethical practices prevalent in the sector.
At $0.0734 during the presale stage, the RTX coin represents a favorable investment opportunity. Predictions suggest an intriguing rise; demand for innovative cross-border payment solutions is producing a 25x multiplier in the presale phase and over 1,500% increases following launch.
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If relevant, consider that:- The US SEC has officially initiated a review of the WisdomTree XRP ETF proposal, focusing on whether the proposed ETF complies with legal and regulatory standards under Section 6(b)(5) of the Exchange Act. This review follows a proposal submitted by the Cboe BZX Exchange on February 6, with a public comment period initiated on February 26.- The approval of an XRP ETF could significantly impact the price of XRP, potentially leading to increased investor confidence, higher demand, and a price increase. However, the SEC's final decision is not guaranteed, and the proceedings do not ensure approval.- If approved, the WisdomTree XRP ETF would list on the Cboe BZX Exchange, potentially boosting XRP demand and prices. Additionally, overall market sentiment and other regulatory developments, such as the SEC's ongoing case with Ripple, also influence XRP's price dynamics.
The potential approval of a WisdomTree XRP ETF by the SEC, currently under review, could boost XRP demand and prices, increasing investor confidence and contributing to a price increase. This promising crypto investment opportunity is complemented by Remittix's innovative blockchain technology, working on revolutionizing cross-border transactions and offering cost savings compared to conventional payment providers.
